A PYMNTS Company

UK: Lloyds calls for business banking probe

By  |  February 10, 2015

The chief executive of Lloyds has called for an upheaval of banks’ relationships with businesses, saying it must be made easier for companies to leave their bank for new providers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Antonio Horta-Osorio said competition between banks needed to be improved. Mr Horta-Osorio said the industry needs to “take further steps to enhance the banking system so that it properly serves the economy, and not the other way around”.

    The UK’s competition regulator is investigating the dominance of the major banks.

     

    Full Content: The Telegraph

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.